Breaking will be offline for scheduled maintenance Saturday May 8 3 AM US EST to 12 PM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Miami-based Lennar Partners Inc. has named PM Realty Group of Houston as its property manager for the 218,940-sf, seven-building North Loop Office Park.

Bill Goeke, senior vice president and director of PM Realty’s Central Division, tells that Lennar purchased the property out of foreclosure and plans to hold it for two to three years until it’s stabilized. According to Goeke, PM Realty worked with Lennar on other foreclosure purchases in Texas and Colorado during the early and mid-1990s.

The North Loop Office Park is located at 2000-2060 N. Loop West along Loop 610 near Texas 290. Goeke says the building has incurred $2.5 million to $3 million in flood damage from Tropical Storm Allison. PM Realty’s Steve Wise will oversee the construction management on the repairs. Goeke estimates that the repairs will be wrapped up in 30 days and open the door for tenants to move back into the seven buildings. At that point, the PM Realty team will aggressively start marketing the complex for lease-up, says Goeke, who will be supervising the firm’s leasing and property management team. Mike Hackett, vice president and director of leasing and Susan Morris, leasing manager, are assuming leasing duties. Mike Nelson, vice president of operations, Rhonda Huff, assistant vice president of operations, and Kari Bean, senior property manager, comprise the park’s property management team. Goeke says the assignment is an affirmation of PM Realty’s approach to leasing and property management in the Houston market.

Lennar Partners is a subsidiary of Miami-based LNR Property Corp., a national leader in the development, management and financing of commercial real estate assets. LNR Property Corp. has offices in Miami, Irvine, Atlanta, Portland, San Diego, the San Francisco Bay Area, Salt Lake City and Tokyo. In all, the company’s assets total $1.8 billion, with current real estate projects comprising more than six-million sf of office, industrial-warehouse and retail space. The portfolio also contains 1,300 hotel rooms and 12,600 apartment units in the US.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.